Tag Archives: Corporate Consolidation

The Greatest Challenges Of The 21st Century.

Posted on by

Through the rest of this century, the world is facing a number of seemingly insurmountable problems – problems for which there appear to be no easy answers. Some so complex and so threatening that they could doom humanity for all eternity. Yet, even for those challenges, there are answers if we are willing to acknowledge the problems and make the changes so urgently required.

Here they are in ascending order of difficulty:

Rise of Authoritarianism – The solution for this one is exceedingly simple: Vote! Vote only for those politicians who are committed to democracy. Fight tyranny at every turn. No politician who embraces discrimination of any kind belongs in office.

Corporate Consolidation – The phenomenon of too-big-to-fail banks and multinational corporations has led to a wide variety of problems for humanity. These include a lack of competition leading to inflation, the elimination of pension funds for workers, the growing disparity of income between CEOs and workers, the exporting of jobs in the search for ever cheaper and more compliant labor…the list is long.

Fortunately, the solution is also simple. Indeed, Congress gave us a seldom-used tool to break up these industrial cabals and growing monopolies: The Sherman Antitrust Act of 1890. It’s time our government used it.

Wealth Disparity – Globally, the richest 10% of the global population currently take home 52% of the income. Those in the poorest half of the global population earn just 8%.

In the U.S., the wealthiest one percent of Americans hold more than 32 percent of the nation’s wealth. The top 10 percent hold 77 percent of the wealth, while the bottom 50 percent of households hold just one percent of the wealth. And 7.5 percent of the population has a negative net worth – meaning they are in debt.

By race, white households hold more than 86 percent of the wealth while black and Latino households hold less than 3 percent of the wealth.

And, until the election of President Biden the problem has only gotten worse, a result of the vicious economic policy called Trickle-Down Theory that was embraced by Ronald Reagan and every Republican president since. The subsequent wealth gap has led to growing poverty and food insecurity, unfair tax policies, a government that is bought and paid for by wealthy individuals and corporations, and a loss of tax revenue that has led to a growing national debt.

Yet there is some glimmer of hope for those at the bottom of the wealth scale. According to the Federal Reserve, the average wealth of the bottom half of Americans has increased by 80 percent since 2019, perhaps as a result of President Biden’s policies. (Of course, wealth growth is statistically much more profound if you have very little wealth to begin with.)

The solutions to wealth disparity also seem relatively simple: Enact a wealth tax and impose strict limits on donations to political campaigns. That could give all Americans a chance at the equal representation our Founders intended.

Gun Violence – The U.S. suffers approximately 20,000 violent gun deaths each year (not including suicides) and more than 35,000 gun injuries. Thanks to the NRA, other so-called gun rights groups, and gun manufacturers, police have to assume that every person they encounter is armed. Our schools and many public buildings have become virtual fortresses in an attempt to prevent mass shootings. And, from the age of 5, children are taught to live in fear of active shooters. No other developed nation in the world experiences these problems. But our gun manufacturers are trying to change that by exporting guns to criminal gangs worldwide.

It doesn’t have to be this way!

The solution is to follow Australia’s lead by banning and collecting guns, especially semi-automatics. Instead, as exemplified by the recent Supreme Court decision overturning the ban on bump stocks, the U.S. is headed in the opposite direction.

Climate Crisis – The U.S. has long led the world in the amount of fossil fuels burned per capita. And now we are the world’s largest producer of oil and natural gas. For more than 50 years, scientists have been warning us that, by incinerating fossil fuels, we are in danger of incinerating our planet. Unwilling to believe them, we have protected our fossil fuel industry and refused to modify our unsustainable lifestyle.

Sure, we have made some limited progress by recycling, better insulating our homes, producing more energy efficient appliances, and expanding the use of renewable fuels. But those measures are far too little, too late.

We led the world in establishing an extravagant, disposable culture. Now we need to lead the world to live within our planet’s means. Change is possible. But we must hurry. As you can see by the ever-increasing, ever more violent storms and other climate-related disasters, time is running out, and quickly.

Mass Migration – In recent years, migrants have flooded the borders of the United States and other highly developed nations. As a result of wars, violent gangs, autocratic rulers, and natural disasters such as drought, storms, and flooding, millions of people are faced with the choice of either migrating or dying.

Think immigrants are ruining your country? Then demand that our politicians do something to improve circumstances in their home countries. And be willing to open your hearts as well as your pocketbooks to help.

Mass Extinctions – In Earth’s history, there have been 5 mass extinctions defined as the loss of 75 percent of all species within a relatively short period of time. Scientists tell us that we are about to experience a sixth mass extinction as the result of human activities such as deforestation, unsustainable food production, pollution, encroachment of habitat, and the burning of fossil fuels.

Currently, extinction of species is occurring 1,000 to 10,000 times more rapidly than the natural rate. Why should we care?

First, we are living in an ecosystem. The life of one species depends on the life of others. Second, the world will become a much less interesting and livable place without some of the most vulnerable species. And third, we’re one of the species that could go extinct!

You already know the ways to mitigate the sixth mass extinction: Stop wasting resources, limit the use of fossil fuels, limit travel, stop polluting, and quickly transition to a mostly plant-based diet.

We have been the problem. Now we must become the solution.

Artificial Intelligence – AI could be the answer to many of our problems. Or, it could add to them. It simply depends on how we use it.

Used properly, AI can help us eradicate diseases, streamline research, create solutions for complex problems, perform the most dangerous and boring jobs, and help us to objectively solve conflicts.

AI-driven vehicles could make our roads safer and more orderly. AI could make logistics more efficient and more predictable. The possibilities are endless.

But there’s a much darker side to AI.

AI is already creating deepfakes – fake videos and images of people saying and doing things they never intended or even imagined. Women have been victimized by fake images of them nude or engaging in sex acts. Even worse, deepfakes of political candidates and leaders could have profound consequences.

AI could eliminate millions of jobs making humans essentially obsolete.

Not surprisingly, AI has been embraced by the military to replace humans in battle. Future armies, navies and air forces could be dominated by AI-controlled robots making real-time decisions of life and death. Once that happens, will we become the predominate targets?

One AI researcher believes so. He estimates there’s a 99.9% chance that AGI (Artificial General Intelligence) will lead to human extinction within the next 100 years claiming that no AGI model he has seen has been safe. And though other AI researchers are less certain that AGI will lead to our extinction, they are not particularly reassuring.

A Final Word: As daunting as some of these challenges seem, to some degree, they all can be addressed with one simple action: Vote! We must climb out of our media silos, ignore the misinformation and disinformation peddled by the moneyed interests, educate ourselves, and vote for the politicians who are willing to acknowledge the scope of the challenges and attack them in earnest.

Can Our Democracy Survive?

Posted on by

The one thing Democrats and the MAGA Party (the Republican Party no longer exists having been subsumed by Fox-fueled Trump followers) can agree on is that our democracy is under attack. However, they see vastly different threats.

The MAGAs believe, despite all evidence to the contrary, that the 2020 election was stolen from Donald Trump. While Democrats point to the January 6 insurrection and increasing laws in MAGA-controlled states that limit voting rights for MAGA opponents, that take away a woman’s right to control her own body, that prioritize the freedom to own weapons of war over the lives of children.

But I believe the division runs deeper than that. It stems from the way the leaders of the MAGA Party view democracy.

Instead of seeing democracy as a means of majority rule, I believe MAGA leaders see it as a tool that can be manipulated on behalf of the powerful and wealthy. The result is that we now have several standards of justice based on factors such as race, wealth, and privilege. We see elected officials defy the wishes of significant majorities of their constituents on universal background checks for gun purchases, red flag laws, and access to abortion. And we see them use the power of their office to threaten and punish those with whom they disagree.

As a result of the MAGA ideology, our entire economy and, at times, our government are driven by a wealthy few. The owners and investors of large, multinational corporations have been allowed to influence elections while avoiding taxes. Through their political influence, these multinationals have been deregulated. They have exported high-paying jobs. They have eliminated workers’ retirement plans and other benefits. And they have taken almost total control of entire industries through consolidation.

For much too long, we’ve had eight too-big-to-fail banks, three or four conglomerates that control most of our grain, and six companies that control most of our meat supply. The majority of pharmaceuticals sold in the US are controlled by just ten corporations. Our oil and gas industries are controlled by a few corporations and state actors that dismiss their role in the climate crisis. Likewise, our transportation, insurance, and other industries have each been captured by a few large corporations.

And, chillingly, just six corporations now own roughly 90 percent of the media that bring us the news!

At the same time, the politicians that have been bought and paid for by these corporations have cut their taxes while pushing the tax burden onto ordinary hardworking citizens. Even that has not been enough to satisfy their greed. So, they regularly offshore profits in order to extort our government into allowing them to “repatriate” their ill-gotten gains at further reduced tax rates.

Corporations’ insatiable greed has even been the primary driver of inflation. Yet they and their political lackeys have blamed it on an administration that has set about trying to curtail their power.

Understandably, many Americans are angry. But thanks to the many lies peddled by the leading cable “news” outlet and others, their anger has been misdirected. Instead of blaming the rich and powerful, they blame immigrants, the poor, and minorities.

The problem has been made worse, I believe, from the MAGAs’ Kim Jong-un-like devotion to Trump. In both cases, the followers seem to see their Dear Leaders as deities. Many MAGAs continue to believe that Trump was chosen by God. They compare him to the Messiah and pray for him to save them. And, with both Trump and Kim, the followers not only accept their leaders’ extravagant lifestyle. They celebrate it. And they contribute to it.

The only conclusion can be that the many Millennials and GenXers who have bought into the MAGA ideology, simply don’t understand the benefits of democracy. It seems they have become convinced that an autocrat – at least their autocrat – can improve their lives. That an autocrat can help them live a similar life of luxury. That, instead of the messy process of convincing others to agree with their political and religious beliefs, an autocrat can force others to agree with them by decree.

Like so many of those in pre-war Germany, they seem more interested in forcing change than preserving our government along with its freedoms. Far too many of today’s Americans lack an understanding of history or civics. And, instead of seeking truth from universities, books, and qualified experts, they turn to social media and propaganda outlets like Fox “News.” In fact, they have eschewed legitimate news sources as “enemies of the people.” They dismiss education as a waste. And they are banning books that make them uncomfortable, blissfully unaware of the comparisons to the dictators and war criminals of the past.

In doing so, they are following the path taken by unsuspecting citizens in Russia, Myanmar, Venezuela, Hungary, Turkey, Pakistan, and Iran, as well as pre-WWII Italy, Japan, and Germany. And, unless we can convince them that democracy is worth saving – that real change can only come through the ballot box – we may be headed down those same rabbit holes.

Giving Credit Where Credit Is Due.

Posted on by

In thinking about the many problems that we face as a nation, it has become clear that the vast majority can be traced to policies enacted and supported by the Republican Party, a political party that has evolved from the party of growth and controlled spending (Eisenhower and Nixon) to the party of small government (Reagan and Bush I) to the party spreading global democracy (Bush II and Cheney) to a party intent on undermining our own democracy (Trump).

The GOP has coalesced around white supremacists and religious zealots to claim the title of “Faith and Flag” party. Yet few have any concept of ethics or patriotism. 147 Republican lawmakers assisted in the attempted coup of January 6, 2021, with the intent of helping a wannabe autocrat remain in the White House. Indeed, the party’s love affair for autocrats and kleptocrats has been made clear by its many connections to Putin’s Russia (see the Muller Report) and its invitation to Viktor Oban as the keynote speaker of CPAC.

Moreover, the party’s thirst for power and its desire to court the favor of billionaires and multinational corporations seem to be the cause of many of our nation’s most enduring problems.

Wealth inequity? By any measure the growing disparity between the ultra-rich and most working Americans has been caused by the GOP’s longtime commitment to Trickle-Down economics. Rather than money trickling down to the working class, it has created a gusher of wealth flowing upward to the wealthy and large corporations.

Gun deaths and mass shootings? They’re a direct result of the gun lobby’s influence on the GOP and a fraudulent interpretation of the Second Amendment. Because of liberal gun laws, we now have more guns in this country than people. And the number grows by a million or two every year. Moreover, a growing number of crimes involve the use of unregistered ghost guns – many with inexpensive “Glock switches” that convert semiautomatics into fully automatics. But any attempt to restrict such lethal weapons is met with GOP obstruction.

Violence against people of color, ethnic groups, and LGBTQ people? Many GOP candidates have successfully campaigned with ads and rhetoric demonizing these communities and unfairly blaming them for our societal failings. And since words have consequences, hate crimes continue to rise.

Misogyny? The GOP and its evangelical supporters have long tried to relegate women to a secondary social status. And now the GOP majority Supreme Court has gotten into the act. By overturning Roe v Wade, it has put the economic, mental, and physical wellbeing of women at risk.

Climate crisis? The GOP and its oily supporters have long denied that humans have contributed to climate change through our addiction to fossil fuels. For decades, they sponsored fraudulent climate studies to support their denial. And though we are now suffering through the resulting consequences, the GOP is still fighting any attempts to address the problem. It is now almost inevitable that, in our lifetimes, we will see a massive rise in sea levels and the extinction of more than a million species – maybe our own.

Inflation? Though the GOP has blamed rising prices on an overheated economy, rising labor costs, and attempts to mitigate the climate crisis, in reality, inflation has been caused by corporate greed and supply chain issues following the GOP’s failed response to the pandemic.

Corporate consolidation and the export of jobs? The Institute on Taxation and Economic Policy reports that GOP policies have actually rewarded multinational corporations for sending jobs overseas. Other GOP policies such as “repatriating” offshore profits at bargain tax rates have led to corporate stock buybacks that reward shareholders, instead of creating jobs. They have also encouraged consolidation by creating incentives for corporations to buy out competitors rather than to compete with them.

Border invasion? There are many causes for the wave of asylum-seekers, refugees, and immigrants at our southern border. So-called Democratic “open border” policies are not among them. The “invasion” has overlapped both Democratic and Republican administrations. Not even the fence and the GOP cruelty of separating children from parents could stop it. And despite repeated calls for a comprehensive immigration policy, the GOP has blocked it.

Failing education? In public education funding, the GOP sees a large pool of taxpayer funds that could be used to create profits. That’s why it is so determined to direct those funds to charter schools and private schools that are not subject to the same fiscal transparency as public schools. It also sees a well-educated public as a threat to its own survival – hence its current attempts to ban books along with those who would dare to teach an accurate account of slavery and genocide as part of American history.

Inequities in IRS audits? In its long-standing efforts to starve the federal government of revenue, the GOP has made draconian cuts to IRS funding and staff. As a result, the IRS does not have the resources to ensure that large corporations and the wealthy are paying their fair share of taxes. So, it has focused attention on ordinary citizens who don’t have the benefit of high-priced tax accountants and tax lawyers.

Political division? For the cause of our conflicts look no further than the GOP and its propaganda outlets. Fox News pundits, rightwing radio hosts, social media, websites, and online podcasts all spew a steady stream of hate, misinformation and outright lies. All of this means that Americans no longer share the same set of “facts.” As evidenced by the former president and George Santos, it’s increasingly rare when the truth escapes a GOP mouth.